There has been much buzz in the past few days about a truly horrible idea. Instead of having to negotiate with Congress to raise the debt ceiling so the Treasury Department can sell more bonds to pay for more spending, why not just mint a trillion-dollar platinum coin? This coin would contain one ounce of [...]
Robin Koerner is the founder and publisher of WatchingAmerica.com, an organization of 400 volunteers that is dedicated to translating and posting in English news and views about the USA from all over the world. He holds degrees in physics and philosophy from Cambridge University.
I have been an autodidact in economics [...]